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jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the budget office and being the chief of staff for the president, the debt crisis has gotten much worse. i don't look at that reference and say, gee, this is a guy who is really going to fix the problem and i do think what we need in washington is he's been in washington in and out of government for 25 years and i guess my philosophy is, why not bring in some new faces, granted they are going to have the president's philosophy but maybe looking at new approaches to bringing this enormous debt down. >> steve, do you remember his record
jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the...
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Jan 11, 2013
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> > lukewarm on the jack lew nomination. they're not really that thrilled. > other than lew's poor penmanship, how well will lew's no-drama approach play out in the upcoming debt ceiling talks? > > in the debt ceiling talks it is going to be interesting. other than the no drama, he has got a history of being confrontational with republicans, and that is going to be difficult because that is who he's got to deal with. > didn't he once work on wall street? > > briefly at citibank for a couple of years around the time of the financial crisis. > do you think the republicans will go along with his nomination? > > i think at the end of the day he will probably get the nomination, but it won't be without a lot of skepticism and a lot of thought about whether or not they could have found a better person. > jim bianco, good to talk to you today. > > thank you. google's executive chairman ended his trip to north korea by endorsing the internet. eric schmidt told reporters this week that the country risks falling out of touch because o
> > lukewarm on the jack lew nomination. they're not really that thrilled. > other than lew's poor penmanship, how well will lew's no-drama approach play out in the upcoming debt ceiling talks? > > in the debt ceiling talks it is going to be interesting. other than the no drama, he has got a history of being confrontational with republicans, and that is going to be difficult because that is who he's got to deal with. > didn't he once work on wall street? > > briefly at...
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but does jack lew have what it takes? we'll talk about it, after this. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> aig has decide not to joiven a lawsuit by former ceo hank greenberg against the u.s. government. greenberg claims the company's 2008 bailout was unfair to shareholders. aig says it won't let greenberg's firm pursue its claims on the company's behalf. the ceo told cnbc joining the suit isn't in aig's best interest. and while the terms of the lawsuit may hav
but does jack lew have what it takes? we'll talk about it, after this. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save...
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and president obama just a minute ago nominated jack lew as treasury secretary. we'll take a look at both issues coming up in business. [ male announcer ] pillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel. pillsbury toaster strudel. so delicious...so fun. >>> nominations for the 85th annual academy awards announced this morning in beverly hills. >> hosts seth macfarlane and emma stone announced the nominees. "lincoln" was the clear winner, receiving 12 nominations, including best picture, best director and best actor, nods for daniel day lewis, sally fields and tommy lee jones. >> "life of pi" came away with 11 nominations. >> here's a complete list of the nominees for best picture. beast of the southern wild, zero dark thirty, lincoln, life of pi
and president obama just a minute ago nominated jack lew as treasury secretary. we'll take a look at both issues coming up in business. [ male announcer ] pillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a...
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Jan 9, 2013
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i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >> john kerry, secretary of state. we've got a lot of white males, shall we say, chuck hagel, we have pictures up there. jack lew, eric holder is over at the justice department. he's not a white male. he's an african-american. but no women. >> men. men. >> i want to put up another picture of the seen yr staff, if you will. there you you he sue the staff. there's been mur muring that there's not enough women part of this white house, the inner circle. what are folks saying about that? >> the visual you just showed with the four cabinet members being men, th
i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >>...
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speaking of jack lew, he may want to do something about his signature. right now it is a series of curly writing. his signature would be on every u.s. currency bill. tim geithner said he had to change his signature when he took the job just to make it legible. >>> we have new video this morning from the floor of the 2013 silicone valley and take a look at all the names in the auto industry. they are at the convention center in san jose. showing up on trucks, cross overs, i'll take one of each of those. at auto show starts at 10:00 and runs through -- at 10:00 this morning and runs through sunday. >> i'll take one for sal and one for me and you and steve. >>> if you want to get into your hot rod or whatever car you use, you need to give yourself some extra time in this commute. 680 southbound is going to be a little bit slow. there are no major problems if you are driving at the bay bridge toll plaza but seems a touch lighter than usual. and it's not all that bad on the bridge itself. traffic looks good, a little bit of wet roads and you might even encoun
speaking of jack lew, he may want to do something about his signature. right now it is a series of curly writing. his signature would be on every u.s. currency bill. tim geithner said he had to change his signature when he took the job just to make it legible. >>> we have new video this morning from the floor of the 2013 silicone valley and take a look at all the names in the auto industry. they are at the convention center in san jose. showing up on trucks, cross overs, i'll take one...
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i don't think jack lew brings that to the table. whether or not the other attributes he has make up for that we'll have to wait and see. >> i was going to ask you if you didn't end your report with that, i was going to ask you to say what you just said, what you said to me off camera -- and i'll tell you, when you said it, i'll tell you what struck me. sometimes i think you're implying that if the administration needs to sell something to maybe the private sector, it helps to say, you know, geithner's for it. or it helps to say paulson was for it. it helps to say robert reuben is for this. and in this case they won't necessarily be able to make that. but they don't -- see where i disagree with you, i don't think they care that they don't sell it. they don't need to sell it. >> i don't care if they care. they should care. it does matter. we are entering really interesting times when it comes to a need to rethink our corporate tax system, rethink our individual tax system. rethink entitlements. all of these things. it would have been,
i don't think jack lew brings that to the table. whether or not the other attributes he has make up for that we'll have to wait and see. >> i was going to ask you if you didn't end your report with that, i was going to ask you to say what you just said, what you said to me off camera -- and i'll tell you, when you said it, i'll tell you what struck me. sometimes i think you're implying that if the administration needs to sell something to maybe the private sector, it helps to say, you...
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Jan 6, 2013
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white house chief of staff jack lew is considered to be a front-runner for treasury secretary. tim guy earthquake in the current head of the treasury, smektsed to leave around the time of the inauguration. the void left by david petraeus as head of the cia could be filled by john brennan. he is currently a counterterrorism and homeland security adviser at the cia. >>> along with the new year comes new, higher prices, on all sorts of things. we will show you technology to help you save. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? to get our adt security system. and one really big reason -- the house next door. our neighbor's house was broken into. luckily, her family wasn't there, but what if this happened here? what if our girls were home? and since we can't monitor everything 24/7, we
white house chief of staff jack lew is considered to be a front-runner for treasury secretary. tim guy earthquake in the current head of the treasury, smektsed to leave around the time of the inauguration. the void left by david petraeus as head of the cia could be filled by john brennan. he is currently a counterterrorism and homeland security adviser at the cia. >>> along with the new year comes new, higher prices, on all sorts of things. we will show you technology to help you save....
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jack lew to treasury. still have to do cia -- other jobs to do as well. but the president is still in hawaii right now, coming back over the weekend. >> and it's interesting when you talk about this president and talking to people who are familiar with his thought process. it's really about a comfort level for this president. he likes to nominate people he already knows, feels comfortable with in his inner circumstance. . we've seen that on the white house staff, for example. that's what i think we're seeing here in these nominations. >> obviously feels comfortable with john kerry who was nominated as secretary of state. i think he likes chuck hagel a lot. we'll see despite the confirmation process how it unfolds. >> thanks for that. >>> a brief glimmer of bipartisanship is being replaced with new battle lines up on capitol hill. kate bolduan is here with more on this part of the story. >> surprise, surprise. lawmakers are already digging in ahead of looming fights, including one over raising the debt ceiling, coming very soon, which is already prompting
jack lew to treasury. still have to do cia -- other jobs to do as well. but the president is still in hawaii right now, coming back over the weekend. >> and it's interesting when you talk about this president and talking to people who are familiar with his thought process. it's really about a comfort level for this president. he likes to nominate people he already knows, feels comfortable with in his inner circumstance. . we've seen that on the white house staff, for example. that's what...
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we expect president obama will nominate his chief of staff jack lew to run the u.s. treasury this morning. not a terribly controversial choice. there is some concern though over lew's signature though. take a look. here it is. remember the treasury secretary has to sign the dollar bill, right? is that something you would want on your dollar bill? >> a lot of loops. >> is that even a signature? there's a push this morning saying, come on, jack, maybe make it look better if you're going to end up signing the dollar if he gets congressional approval. >> interesting. >> he didn't think penmanship would play so much into his career. >> otherwise incredibly well qualified. >> work on that handwriting there. >> creative side. he looks like an artist for disney or something there. interesting. >> 5:15. some people in the bay area could see snow today. >> who knew? meteorologist christina loren is live for us in san francisco right on top of twin peaks. you look adorable of course. how are you feeling? are you cold? >> i'm pretty cold. i've got multiple layers on this morning
we expect president obama will nominate his chief of staff jack lew to run the u.s. treasury this morning. not a terribly controversial choice. there is some concern though over lew's signature though. take a look. here it is. remember the treasury secretary has to sign the dollar bill, right? is that something you would want on your dollar bill? >> a lot of loops. >> is that even a signature? there's a push this morning saying, come on, jack, maybe make it look better if you're...
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and today president obama is expected to nominate white house chief of staff jack lew as his pick to replace timothy geithner as treasury secretary. >> wall street doesn't love jack lew but will accept him. >> there is one bit of controversy. it is his signature. >> good morning to you. you know, if you look at any american currency you'll see it's signed by two people. the treasurer and so if he becomes treasury secretary. that's his signature. it will go on the money. is this a signature we want on the money? a call for lew to step it up and make it look less disney. wall street looking at jobless claims up to 371,000. anything below 400,000 is manageable. dow industrials up 38 points. nasdaq up 14. amazon about to announce a new feature. if you buy a music cd from amazon or purchased one in the past, the company will send you free music files of the cd as well so you can play it on your iphone on ipad or what not. you can easily and legally do this already. you take the cd put it in your computer and itunes will do it for you. it's a faster way for those people who still buy cds.
and today president obama is expected to nominate white house chief of staff jack lew as his pick to replace timothy geithner as treasury secretary. >> wall street doesn't love jack lew but will accept him. >> there is one bit of controversy. it is his signature. >> good morning to you. you know, if you look at any american currency you'll see it's signed by two people. the treasurer and so if he becomes treasury secretary. that's his signature. it will go on the money. is...
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jack lew is the likely nominee. if he picks lew it could set the stage for another contentious confirmation battle. is there any other kind these days, mike emanuel? it seems like everybody that is being picked with the sepgs of senator kerry looks like a tough battle on capitol hill tell us a little bit more about this. >> reporter: good afternoon to you, as you look the at recent nominations these people are all obama people and jack lew has served this president as director of the office of management and budget and white house chief of staff. we are told it is all but a done deal for jack lew to replace timothy geithner as treasury secretary. lew has become a favorite of the president because he has sharp knowledge of the federal budget and his style is no drama. his confirmation would likely be taking place during some bruising budget fight and as congress considers increasing the nation's credit card the debt limit from the podium the white house press secretary has avoided getting ahead of mr. obama. >> i hav
jack lew is the likely nominee. if he picks lew it could set the stage for another contentious confirmation battle. is there any other kind these days, mike emanuel? it seems like everybody that is being picked with the sepgs of senator kerry looks like a tough battle on capitol hill tell us a little bit more about this. >> reporter: good afternoon to you, as you look the at recent nominations these people are all obama people and jack lew has served this president as director of the...
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president obama we just learned is expected to name jack lew as treasury secretary tomorrow. we will talk about that. if you looking for bargains, target has gift wrap, and children's, and women's apparel is marked down on tuesday, and wednesday, men's apparel and health and beauty are marked down and toys. researchers say the best deals are usually at the edges of the stores not in the middle of the target store. >> possible tension between the white house and walmart over gun control. walmart is taking a pass on an invitation by the white house to sit down with biden and talk about the issue. stocks look like this, a little bit higher as we get good earnings from alcoa and the silicon valley index is just a sight bit lower. >> thank you. this we go to weather. mike? >> we will talk about what is going on, we will start with an outside shot, beautiful colors there and the fog is why we have the dense fog advisory in the east bay and north bay valley from our east bay hills camera. a beautiful picture there. live doppler 7 hd showing it is dry. the cloud cover will be thick e
president obama we just learned is expected to name jack lew as treasury secretary tomorrow. we will talk about that. if you looking for bargains, target has gift wrap, and children's, and women's apparel is marked down on tuesday, and wednesday, men's apparel and health and beauty are marked down and toys. researchers say the best deals are usually at the edges of the stores not in the middle of the target store. >> possible tension between the white house and walmart over gun control....
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lew the treasury secretary. he has a contentious relationship with capitol hill. he will have to talk about the debt creeling and spending cuts. he is sure to answer questions about the time he spent in the cia and the role he played in enhanced terror methods and legal questions surrounding drone attacks. the most difficult nominations will almost surely be chuck hagel for defense. his comments about israel and talks with iran are already angering some senate republicans. if the white house runs into trouble with these three, the one guy that may have the relative cake walk here as far as his confirmation is concerned is senator john kerry who has been taped by the president to become the next secretary of state succeeding hillary kr clinton. >>> let's get the first degree weather update with lovely maria molina. >> she is here with a look atlanta storm brewing -- look am in the south. >> we have a brand new storm system impacting texas and mid mississippi valley. it will be producing a lot of heavy rain. that'
lew the treasury secretary. he has a contentious relationship with capitol hill. he will have to talk about the debt creeling and spending cuts. he is sure to answer questions about the time he spent in the cia and the role he played in enhanced terror methods and legal questions surrounding drone attacks. the most difficult nominations will almost surely be chuck hagel for defense. his comments about israel and talks with iran are already angering some senate republicans. if the white house...
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is jack lew's signature. before he worked at the white house he worked at hostess as a cupcake icer. >> is that your kigt or are you testing to see if the pen works? the only way that you're allowed to have that as your signature is if your name is boing boing boing boing boing. >> perhaps our future treasury secretary. >> that's so funny. thanks, john, appreciate it. >>> lance armstrong, is he going to admit to doping? he's sitting down with oprah next week, his first interview since he was stripped of his seven tour de france titles and banned for life. the rumor is he's going to use that interview to admit he took performance enhancing drugs for years. howard kurtz host of "reliable choices" and lauren ashburn, editor-in-chief of "the daily gallow." nice to talk to both of you. do you think he has to confess if he's going to sit down with oprah? >> what else is he going to d is he going to talk about his family? he has to do something, right? but the problem is i don't think oprah is oprah anymore. do you
is jack lew's signature. before he worked at the white house he worked at hostess as a cupcake icer. >> is that your kigt or are you testing to see if the pen works? the only way that you're allowed to have that as your signature is if your name is boing boing boing boing boing. >> perhaps our future treasury secretary. >> that's so funny. thanks, john, appreciate it. >>> lance armstrong, is he going to admit to doping? he's sitting down with oprah next week, his...
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current chief of staff jack lew of management and budget is considered to be tim geithner's most likely successor and that's deputy national security adviser denis mcdonough. anything could change, but those could be the most likely picks. other members of the administration suggest they're heading for the exits and you would assume the stuff starts ranking up in the next week or so. lisa jackson announced her departure at the end of january and rebecca blank who took over in june after secretary bryson went on medical leave. also expected to leave ray lahood and ken salazar and steven chu. likely with appointments of lew and mcdonough you'll hear more voices demanding more diversity in that cabinet, if you will. how does the president end up solving that problem and create a cabinet that, "looks like america." >>> all right, picking a fight over the president's pentagon pick. one thing the left and the right can agree on. chuck hagel may have an uphill battle in the senate. next, we'll get the view from both sides. former romney campaign adviser dan seymour and dan clemens will be here
current chief of staff jack lew of management and budget is considered to be tim geithner's most likely successor and that's deputy national security adviser denis mcdonough. anything could change, but those could be the most likely picks. other members of the administration suggest they're heading for the exits and you would assume the stuff starts ranking up in the next week or so. lisa jackson announced her departure at the end of january and rebecca blank who took over in june after...
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even the president joked about jack lew's loopy signature saying he better make it more readable before it's printed on u.s. dollar bills. listen to what some of the professional comics are saying. >> that's your signature? or are you just testing to see if the pen works? hey, lew, here's a tip, stop signing all your checks on the teacup ride at disney world. the only way you're allowed to have that as your signature is if your name is boyoyoyong. >> he worked at hostess as a cupcake icer, and now he's -- it's good. it's about time our bills look like they were signed by a roomba. >> our bills should have nothing ridiculous on it, just old men in wigs and pyramids with eyes. is this even a signature? or did he start drawing charlie brown and give up after the hair? good grief. and it got no better when lew explained his fiscal philosophy saying, quote, i described budgets as tapestry, when it's woven together our picture amounts to the hopes and dreams of a nation. >> that is so funny. let's check in with erin burnett, coming up at the top of the hour. i guess you're going in-depth on t
even the president joked about jack lew's loopy signature saying he better make it more readable before it's printed on u.s. dollar bills. listen to what some of the professional comics are saying. >> that's your signature? or are you just testing to see if the pen works? hey, lew, here's a tip, stop signing all your checks on the teacup ride at disney world. the only way you're allowed to have that as your signature is if your name is boyoyoyong. >> he worked at hostess as a...
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now, the leading candidate to replace geithner is white house chief of staff jack lew who was the former director of the office of management and budget. white house sources tells cbs news that the white house hasn't made that decision yet and he's likely to make other cabinet announcements first. >> thank you. let's bring in chief washington correspondent and host of "face the nation" bob schieffer. good morning. >> good morning, norah. >> we just heard about geithner leaving as treasury secretary and all the fiscal fights ahead of us. how does that affect things? >> i think that's going to make it harder if that's possible. geithner will not be there. there will be arguments over fiscal policy that will weigh in to the confirmation of whoever it is that the president does eventually nominate. but excuse me for not being overly optimistic this morning but i mean i was listening to this rhetoric yesterday, all the people up on capitol hill talking about how they're all going to come together. well, you know they're not. you know they're not. i was thinking of the song we used to have in
now, the leading candidate to replace geithner is white house chief of staff jack lew who was the former director of the office of management and budget. white house sources tells cbs news that the white house hasn't made that decision yet and he's likely to make other cabinet announcements first. >> thank you. let's bring in chief washington correspondent and host of "face the nation" bob schieffer. good morning. >> good morning, norah. >> we just heard about...
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. >> it looks like jack lew will replace timothy gai nter. >> what is a treasure secretary do? they're run financial--they look after financial debt. >> and the bottom right hand corner of our people money gaitner signature. what is that that is horrible. >> we have to change that. i cannot put that on monday. >> this seems like an eye appointment. he has very little experience. he is a big no god. he will say no time and time again. he is the one that will have to keep the budget cut going when we hit the debt ceiling right. >> the debt ceiling coming up. debt ceiling in fiscal cliff has now become 2013 issues. but us talk about another winner. this of facebook shares rally above $30 a share. we are on our way up it is a winner for facebook. >> the ipo had people screaming like a scalded champ. it is up 10% this year so it's a matter of when did you buy it. after announcing a mystery press conference for tuesday next tuesday the 15th. i looked at their peak about 160. that is pretty expensive. they got something. they have this do it hasn't called yet. >> maybe it could be a r
. >> it looks like jack lew will replace timothy gai nter. >> what is a treasure secretary do? they're run financial--they look after financial debt. >> and the bottom right hand corner of our people money gaitner signature. what is that that is horrible. >> we have to change that. i cannot put that on monday. >> this seems like an eye appointment. he has very little experience. he is a big no god. he will say no time and time again. he is the one that will have to...
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the president nominating jack lew to become the treasury secretary. partly and chiefly because of his budget experience. what are your thoughts about the pick and what he brings to the table? guest: i certainly hope it will be positive. i think he will be on a roll with treasury to be having a lot of data at his fingertips, which indicates virtually no interest environment that we are in, it has its pluses and minuses. it also is an environment today where there is not much inflation. if he were to compound inflation in the future, he would well understand what that would do to budgets as well. i think he hopefully is able to bring a perspective and said, let's get some long-term problems dealt with now because here are the risks. he has to be a risk manager. he has to be able to explain these things. this has not been talked about yet. i held as treasury secretary -- he has had experience around congress -- he is more of a washington person. i would hope because he has had political awareness, he would understand the significance and focus on a growt
the president nominating jack lew to become the treasury secretary. partly and chiefly because of his budget experience. what are your thoughts about the pick and what he brings to the table? guest: i certainly hope it will be positive. i think he will be on a roll with treasury to be having a lot of data at his fingertips, which indicates virtually no interest environment that we are in, it has its pluses and minuses. it also is an environment today where there is not much inflation. if he...